What is the correct interpretation of the coefficient of ...

[Mr3Hunna]

What is the correct interpretation of the coefficient of determination R2?
 
  A) The sales price equals 53 of these three variables.
  B) 47 of the variation in sales prices can be determined by the variation in these three variables.
  C) The sales price equals 47 of these three variables.
  D) The probability that the sample values will lie on the regression line is 0.47.

Question 2

Suppose the likelihood that someone who logs onto a particular site on the Internet will purchase an item is 0.10. If the site has 200 people accessing it in the next day, what is the probability that less than 24 customers will make a purchase?
 
  A) 0.5008
  B) 0.1736
  C) 0.8264
  D) 0.2461

[Sweetkitty24130]

Answer to Question 1

B

Answer to Question 2

C

[Mr3Hunna]

Thanks for the timely response, appreciate it

[FergA]

Great answer, keep it coming